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- Release Date: 31/10/13 16:29
- Summary: QUARTER: XRO: Quarterly Cashflow Report
- Price Sensitive: No
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XRO
31/10/2013 14:29
QUARTER
REL: 1429 HRS Xero Limited
QUARTER: XRO: Quarterly Cashflow Report
Under the conditions of listing on the ASX in November 2012, Xero Limited is
required to provide quarterly cash flow reports to the ASX. This unaudited
cash flow report is for the quarter ended 30 September 2013.
Net cash outflows for the current quarter were NZ$13.1 million compared with
NZ$9.7 million for the June 2013 quarter, driven by a significant increase in
investing activities being internal software development and new office
fit-outs in San Francisco and Denver USA.
There was a small increase in operating cash outflows from the prior quarter
with increased activity levels driving increased receipts from customers and
higher payments for other working capital and advertising and marketing
expenditure. Staff cash costs were lower as the June 2013 quarter included
cash bonus payments in respect of the previous financial year.
In October 2013, Xero announced a capital raise of NZ$180 million through the
issue of 9.92 million ordinary shares at a price of NZ$18.15. The cash
balance as at the date of this report is in excess of NZ$230 million. Xero
will release its Interim Report in November.
End CA:00243160 For:XRO Type:QUARTER Time:2013-10-31 14:29:08
